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. phillips'. >>> the opening bell just rang on wall street. you see numbers at the new york national guard there for that wonderful occasion to get their picture taken opening up the markets. the market is opening slightly higher following president obama's announcement that he would cut his vacation short to deal with fiscal cliff negotiations. hoping that the real estate market would bolster the economy in 2013. we are learning that holiday sales this year were the weakest since 2008. they had a grim outlook for a fiscal cliff deal and the impact of the tragedy in newtown. on the radar this morning, chilling details in the christmas eve firefighter ambush. we could find out soon who will be saying aloha to the senate and a broken record in the house of representatives. new details out of webster, new york. william spangler set a car and house on fire and ambushed firefighters, opening fire on them as they arrive on the scene. police found a note he left behind saying he wanted to burn down the neighborhood and do what i like doing best, killing people. a convicted felon who spent 17 year
-old in new york city? >> joey scarborough! happy 25th birthday! joey scarborough. >> i tried. can't help you. >> try it again. >> happy 25th birthday, joey scarborough. love you very much. if it is way too early, what time is it? >> it is time for "morning joe." >>> but right now it is time for our old pal chuck todd. >>> all or nothing at all. this could be it, the day where we will know if a deal to avoid the fiscal cliff is truly within reach or totally lost. we have never been closer and yet boehner is looking for votes, only for a plan b. >>> vice president biden gets tapped to lead an administration wide effort to figure out what the government can do to prevent another tragedy like the shooting in connecticut. is washington ready for a fight over guns that no one thought would happen? >>> blast from the past. find out what michael dukakis has to say about the idea of being a u.s. senator once john kerry becomes officially the next secretary of state. being a little bit coy. could he run? here comes the new. >>> good morning from washington. it is wednesday, december 19th, 2012. this i
basketball game there and it's across the street from the studios in new york. stalemate and gridlock. call it what you will, but with washington five days away from falling off the cliff, had this become the new normal the senior editor from the national view. welcome and thank you so much. i top the play a cliff that we had yesterday on the report. it was interesting to see where the crisis has gone. >> it's not a cliff, but more like a slope. it's on january 20th. it's retro actively with the spending and i don't think there was any great impact. not too much. >> we had this two months back and forth. if we don't hit this january 1st deadline, the minds would be right and the world is collapsing. chicken little full on. there seems to be this conventional wisdom that we can get into january and all the way to the 10th. is that practical? >> if you are looking at signs that there is not going to be a deal, both sides are talking about how it would be. the only thing that forces a deal to be made before the deadline is if the marks went crazy and it was a sign that something had to be done
. joining me now john harwood cnbc's chief washington correspondent and political writer for the "new york times" and nancy cook, economics correspondent for the national journal. okay. wow. a big night last night. john, let's talk about the impact on the economy. this is not the debt ceiling. this is not sort of our credit rating will immediately drop. but wall street seemed to have thought for a while that, okay. they're going to talk and talk. >> so did i. >> and i did too. a deal is in the offing. now that a deal may not be in the offing, what's the impact on the economy, broadly? >> well, we saw the market futures go down last night. we expect a down day in the markets today. the decline hasn't been quite as steep as some people expected. but you do see a potential hit for confidence if it's not worked out. it's not set that we're not going to -- that we're going over the cliff. in fact, i think there is a significant chance that either a medium deal or a very minimalist deal just kicking the can down the road for a couple months passes. but i do think that the more times we have thes
Search Results 0 to 3 of about 4